History, asked by Asamsaj4830, 1 year ago

Various deduction available corporate assessee from gti under it act 1961

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Answered by brainlyboss0
0

The amount donated towards charity attracts deduction under section 80G of the Income Tax Act, 1961. Section 80G has been in the law book since financial year 1967-68 and it seems it's here to stay. Several deductions have been swept away but the tax sop for donations appears to have survived the axe.

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